In Recent Years,deposits Have Been Growing Faster Than Nondeposit Sources

question 101

True/False

In recent years,deposits have been growing faster than nondeposit sources of funds among U.S.banks.

---

Definitions:

Authorized Act

An action that has been officially approved or sanctioned by the proper authority.

Express Authority

The clear, direct authority granted by a principal to an agent, specifically outlined in their agreement.

Actual Authority

An agent’s ability to affect the principal’s legal relations. Consent must be communicated to the agent.

Authorized Sale

A sale that is officially approved or permitted by the relevant authority or governing body, often following designated protocols or rules.